The RealReal, Inc. (NASDAQ:REAL) CAO Sells $161,991.30 in Stock

The RealReal, Inc. (NASDAQ:REAL) CAO Steve Ming Lo sold 23,477 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $6.90, for a total transaction of $161,991.30. Following the completion of the transaction, the chief accounting officer now owns 330,117 shares of the company’s stock, valued at $2,277,807.30. This trade represents a 6.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Steve Ming Lo also recently made the following trade(s):

• On Monday, December 2nd, Steve Ming Lo sold 96,666 shares of RealReal stock. The stock was sold at an average price of $6.10, for a total transaction of $589,662.60.

RealReal Trading Up 6.3 %

REAL stock traded up $0.41 during midday trading on Monday, hitting $6.87. The company’s stock had a trading volume of 4,252,055 shares, compared to its average volume of 3,422,620. The firm’s 50-day moving average is $9.07 and its 200-day moving average is $5.60. The RealReal, Inc. has a 12 month low of $1.52 and a 12 month high of $11.38. The company has a market cap of $753.57 million, a PE ratio of -5.33 and a beta of 2.83.

RealReal (NASDAQ:REAL) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.52). The firm had revenue of $164.00 million during the quarter, compared to analysts’ expectations of $162.69 million. Analysts expect that The RealReal, Inc. will post -0.4 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on REAL shares. Wells Fargo & Company raised RealReal from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $4.00 to $15.00 in a research report on Monday, December 9th. UBS Group raised their price objective on RealReal from $3.00 to $3.25 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Finally, Northland Securities upped their target price on shares of RealReal from $6.50 to $12.50 and gave the stock an “outperform” rating in a research report on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $7.38.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in REAL. Anchorage Capital Advisors L.P. bought a new stake in RealReal in the 3rd quarter worth approximately $10,675,000. Woodson Capital Management LP grew its holdings in shares of RealReal by 2.9% in the third quarter. Woodson Capital Management LP now owns 5,400,000 shares of the company’s stock worth $16,956,000 after acquiring an additional 150,000 shares during the period. Vanguard Group Inc. increased its position in RealReal by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 4,905,132 shares of the company’s stock valued at $53,613,000 after acquiring an additional 121,626 shares during the last quarter. Geode Capital Management LLC lifted its holdings in RealReal by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 2,327,782 shares of the company’s stock valued at $25,447,000 after acquiring an additional 33,927 shares during the period. Finally, Two Sigma Advisers LP boosted its position in RealReal by 8.7% in the fourth quarter. Two Sigma Advisers LP now owns 2,275,100 shares of the company’s stock worth $24,867,000 after purchasing an additional 181,300 shares during the last quarter. 64.73% of the stock is owned by hedge funds and other institutional investors.

RealReal Company Profile

The RealReal, Inc operates an online marketplace for resale luxury goods in the United State. The company offers various product categories, including women's fashion, men's fashion, jewelry, and watches. It primarily sells products through online marketplace and retail stores. The company was incorporated in 2011 and is headquartered in San Francisco, California.